Latest from Iowa Agribusiness Law Blog - Page 2

SBA Disaster Loans are currently available to small businesses in Iowa, and small businesses have been applying for those loans since Saturday, March 21. The current expected wait for applicants is 3 weeks, with an additional week for funds to be deposited. It is imperative that businesses get their application filed as soon as possible to get those funds in their hands so they can get their bills paid and payroll obligations met. Even if…
SBA Disaster Loans are currently available to small businesses in Iowa, and small businesses have been applying for those loans since Saturday, March 21. The current expected wait for applicants is 3 weeks, with an additional week for funds to be deposited. It is imperative that businesses get their application filed as soon as possible to get those funds in their hands so they can get their bills paid and payroll obligations met. Even if…
The sharp drop in the financial markets and the sharp increase in temporary business closings have placed a significant strain on many businesses across the country. Although it is important for businesses to remain optimistic and hope for a quick financial recovery, the emerging reality is that the coronavirus’ adverse impact on American businesses may last, like the virus itself, for many months, and will likely put the financial futures of many businesses under significant…
On Saturday, March, 21, 2020, Iowa was officially designated as a declared disaster area as a result of the current Coronavirus crisis. Now that Iowa has received the designation, small businesses who meet SBA income or employee limits (whether such business are formed as sole proprietors, limited liability companies, corporations, partnerships, trusts, etc.), agricultural cooperatives or private non-profit companies may utilize these loans in order to survive until normal operations resume following a declared disaster.…
On March 19, 2020, the Cybersecurity & Infrastructure Security Agency of the U.S. Department of Homeland Security issued what it emphasized was an advisory list identifying essential critical infrastructure workers during the COVID-19 response. It specifically disclaimed that “is not, nor should it be considered to be, a federal directive or standard in and of itself.” Rather the list was to assist State, local, tribal, and territorial governments in implementing and executing response activities in communities under their…
As the COVID-19 situation continues to change around the state of Iowa, our firm wants to be part of the solution for our clients. We are temporarily moving to a remote working environment at the close of business on March 20th through April 3rd for the safety of our employees and clients, however our firm remains committed and available to assist with any and all of your legal needs during this crisis. To seamlessly continue serving…
At this time, Iowa has not yet been designated as a declared disaster area as a result of the current Coronavirus crisis. There are currently 25 states that have been declared disaster areas, and are eligible for these SBA disaster loans. The Iowa Governor’s office is working with local SBA officials in the SBA Disaster Office to provide the necessary proof of loss in order to gain the declaration. If/when Iowa receives the designation, small…
* With Contributions by Attorney Melissa Schilling   After the U.S. House of Representatives made a number of changes to the “Families First Coronavirus Response Act,” the Senate passed H.R. 6201, the Families First Coronavirus Response Act, by a vote of 90 to 8 on March 18, 2020. President Trump signed the bill on the same day and the law will become effective within 15 days of President Trump’s signature, on April 2, 2020. Primarily,…
On Monday, March 16, 2020, the House passed major changes to the Families First Coronavirus Response Act, before the bill even made it to the Senate. The latest version of the bill can be found here.  The revised legislation no longer requires paid family leave. In addition, it does not require companies to provide employees with the two weeks of mandatory paid sick leave if the employer’s paid sick leave policy is sufficient to meet the…